RE:RE:RE:Bought my lottery ticket...TY for your thoughts. As explained in the quotation, I bought 4,000 shares in my TFSA more than a year ago - if sold at $1.25, I would reinvest in EIT (check my profile). This will pay about $600 annually on my initial $1,000 investment. My lottery ticket. Tax free forever!
In my RRSP, everything withdrawn is taxable. A major growth would be countered by the tax free withdrawals; yet would still hurt. Since you asked, I am 8 months away from collecting CPP & OAS...
BoardAddict wrote: Serious note: It Depends what your doing with the sold funds, if your currently in retirement or close to retirement, and your income tax bracket. I highly suggest speaking to an accountant as they will cater a plan specifically to your own situation.